In an effort to comply with the notice requirements for force-placed insurance on serviced mortgages, is there any guidance anyone can offer regarding alternative methods of notice delivery other than "first class mail" by the USPS? We have a customer living overseas. I know that Reg B appraisal notices allow for email and LE and CD notices can also be emailed. Your thoughts or guidance in this?
Which letter regulations apply to money market deposit accounts (MMDAs) opened by an internal Trust Department that also manages/invests the account activity via an agreement with the trust owner and the Trust Department? [ex. Reg O, Reg DD, Reg D] The customer does not transact on the account and the Bank sponsored Money Market is a product of an omnibus Internal Bank DDA Account.
If we update a customer's information (address) based on information they provided to the US Postal Service via the National Change of Address (NCOA) link, are we required to notify them of the change?
Can we do an internal raffle (selling tickets for a chance to win a prize) to benefit a non-profit organization?
We have recently discovered that a few CTRs were filed with a (1) transposed number on the customer's drivers license (teller error). We have corrected the issue and were not sure if we should amend the CTRs that were filed with a number off, or consider this information "not-critical" and proceed by filing with the corrected number from now on?ken